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Corporate & Investment Fraud Press Releases

August 8, 2014

JORGENSON: Former Microsoft Financial Manager Sentenced to Two Years in Prison for Insider Trading

August 5, 2014

MARKET MANIPULATION: Three Men Charged in Connection with Stock Manipulation Scheme

July 24, 2014

ANDERSON: Vancouver, Washington Musician Sentenced to nearly Four Years in Prison for Soliciting Investments in Fraudulent Projects

June 4, 2014

KNUTSEN: Bellingham Man Arrested for Wire Fraud Involving Theft from Elderly Clients

March 13, 2014

SPANGLER: Former Seattle Investment Advisor Sentenced to 16 Years in Prison for Wire Fraud, Money Laundering and Investment Advisor Fraud

December 5, 2013

DE GUZMAN: Seattle Man Sentenced to Ten Years in Prison for $30 Million Ponzi Scheme

November 7, 2013

SPANGLER: Former Seattle Investment Advisor Convicted of Wire Fraud, Money Laundering and Investment Advisor Fraud

August 21, 2013

XIAN: Kent Man Pleads Guilty to Importing and Selling more than $500,000 in Counterfeit Luxury Car Accessories

ANDERSON: Musician and Record Producer Pleads Guilty to Wire Fraud for Soliciting and Accepting Investments in Fraudulent Projects

BISHOP: Former Chairman and CEO of Skagit County Community Bank Pleads Guilty in Connection with False Information Provided to Bank Regulators

January 18, 2013

BEAIRD: Enumclaw Financial Advisor Sentenced to Prison for Stealing Millions from Clients

December 27, 2012

MONTGOMERY: Former Lakewood Stockbroker Sentenced to Prison for Wire Fraud and Filing a False Tax Return

November 8, 2012

CHESTERFIELD: Licensed Securities Broker Sentencind to 3+ Years in Prison for Defrauding Investors

October 26, 2012

HOSS: Hard Money Lender Sentenced to 8 Years in Prison

October 9, 2012

INVESTOR FRAUD: Summit Arms Consumers with ways to Protect Retirement Funds and Life Saving

June 22, 2012

MONTGOMERY: Former Gravely Lake Stockbroker Pleads Guilty to Wire Fraud and Filing a False Tax Return

May 10, 2012

SPANGLER: Seattle Financial Advisor Indicted for $46 Million Investment Fraud Scheme

April 13, 2012

FINGER: Kirkland Stockbroker Sentenced to 4+ Years in Prison for Wire Fraud

April 2, 2012

HOSS: Seattle 'Hard Money' Lender Convicted of Mail Fraud for Investment Scheme

February 9, 2012

BERG: Mercer Island Man Sentenced to 18 Years in Prison for Ponzi Scheme and Bankruptcy Fraud

November 22, 2011

FINGER: Kirkland Broker Pleads Guilty to Wire Fraud

October 7, 2011

FAN: California Man Sentenced to 18 Months in Prison for Insider Trading

September 8, 2011

FINGER: Kirkland Stockbroker Charged with Wire Fraud

August 5, 2011

PORTMANN: Four Indicted for Conspiracy that Resulted in Failure of Tacoma Bank

August 5, 2011

WAMU: DOJ Closes Washington Mutual Investigation with No Criminal Charges

August 2, 2011

BERG: Mercer Island Man Pleads Guilty in Connection With Ponzi Scheme and Bankruptcy Fraud

July 15, 2011

PHILLIPS: Co-Founder of High Tech Company Sentenced to Prison for Mail Fraud, Wire Fraud and Money Laundering

July 12, 2011

FAN: Guilty Plea to Insider Trading in Seattle Genetics Stock

July 7, 2011

DE GUZMAN: Seattle Man Charged with Wire Fraud for Ponzi Scheme Involving Fake Investment in Peru

June 29, 2011

STUART: Blaine Man who Collected Millions with Version of 'Nigerian Inheritance' Scam Pleads Guilty to Wire Fraud and Tax Crimes

June 10, 2011

KRANE: LA Lawyer Sentenced for Tax Evasion and Passport Fraud in Connection with Quellos Tax Shelter Scheme

May 23, 2011

MIRACLE: Seattle Businessman Sentenced to 13 Years in Prison for Mail Fraud and Tax Evasion

April 1, 2011

LIDDELL: Seattle Man Sentenced to Prison for Ponzi Scheme

March 2, 2011

PHILLIPS: Co-Founder of High-Tech Comapny Convicted of Wire Fraud, Mail Fraud and Money Laundering

11/9/10 START
VANCOUVER, WASHINGTON COUPLE SENTENCED FOR DEFRAUDING PEOPLE SEEKING BUSINESS FINANCING
“Advance Fee” Scam Netted Couple More than $845,000

10/22/10 MOLINA
SAMMAMISH PONZI SCHEMER SENTENCED TO THREE YEARS IN PRISON FOR $4 MILLION FRAUD
Former Boeing Employee Preyed on Long-time Friends, Neighbors, and Classmates

9/21/10 KRAAI
VANCOUVER, WASHINGTON BROKER AND APPRAISER PLEADS GUILTY TO LIES SURROUNDING SALE OF BUSINESS
Broker Failed to Disclose Side Deals to Lender and Small Business Administration

8/11/10 BREARD
FORMER KIRKLAND BROKER SENTENCED TO PRISON FOR MAIL FRAUD FOR STEALING $12.1 MILLION FROM INVESTORS
Homes, Cars, Cash, Jet Skis and Ski-Doos Will be Auctioned to Benefit Victims

8/3/10 HALVERSON
BOTHELL MAN SENTENCED TO 51 MONTHS IN PRISON FOR PONZI SCHEME INVOLVING HIGH DEMAND EVENT TICKETS
Duped Investors out of $10 Million Claiming He Could Resell Tickets for Huge Profit

6/4/10 MOLINA
SAMMAMISH PONZI SCHEMER PLEADS GUILTY TO MAIL FRAUD AND MAKING A FALSE STATEMENT
Former Boeing Employee Took in More than $3,000,000 in Investments in Fake Company

4/19/10 LIDDELL
SEATTLE AREA MEN INDICTED IN SEPARATE ‘PONZI’ SCHEME SCAMS
‘Investment Opportunities’ Pose New Wrinkle in Decades Old Fraud Scheme

4/16/10 MIN
TACOMA MAN SENTENCED TO 4 YEAR PRISON TERM FOR WIRE FRAUD IN FAILED INVESTMENT SCHEME
Promised Investors Good Returns with Some Profits Going to Charity

4/6/10 BREARD
KIRKLAND BROKER PLEADS GUILTY TO MAIL FRAUD FOR STEALING FROM INVESTORS
Homes, Cars, Cash, Jet Skis and Snowmobiles Forfeited to Benefit Victims

3/10/10 BREARD
KIRKLAND BROKER CHARGED WITH MAIL FRAUD FOR STEALING FROM INVESTORS
Initial Criminal Charge Aimed at Securing Any Assets for Victimized Investors

2/19/10 KENNELLY
FORMER BANK VICE PRESIDENT PLEADS GUILTY TO HIDING FACTS IN BANK AUDIT
Bank of Clark County Closed in January 2009 After FDIC Examination

9/25/09 MIRACLE
SEATTLE MAN PLEADS GUILTY TO MAIL FRAUD AND TAX EVASION
Admits Using False Statements Concerning Oil Production to Fleece Investors

8/7/09 KAMERLING
BELLEVUE WOMAN SENTENCED TO 7+ YEARS IN PRISON FOR “PUMP AND DUMP” SECURITIES SCHEME INVOLVING MORE THAN 3,000 VICTIMS
Defendant Has History of Securities Fraud in US and Canada

7/10/09 ZIDAR
LEADER OF $73 MILLION PONZI SCHEME SENTENCED AGAIN TO 30 YEARS IN PRISON
Second Judge Says 30 Year Term “Rational and Reasonable”

6/30/09 FURUSHO
DISBARRED BELLEVUE ATTORNEY SENTENCED TO 13 MONTHS IN PRISON FOR ROLE IN “PUMP AND DUMP” STOCK SCHEME
Defendant Taken into Custody at Sentencing for Continued “Dishonest and Deceptive” Practices

3/31/09 MIN
TACOMA MAN INDICTED FOR WIRE FRAUD IN FAILED INVESTMENT SCHEME
Promised Investors Good Returns with Some Profits Going to Charity

3/27/09 JOHNSTON/JONES
FORMER SOFTWARE EXECUTIVES SENTENCED TO PRISON FOR WIRE FRAUD FOR LYING TO INVESTORS ABOUT REVENUE
Two Entellium Executives Resigned Following Discovery of False Revenue Statements

3/20/09 BUSH
FORMER KITSAP COUNTY MAN SENTENCED TO 30 YEARS IN PRISON FOR $35 MILLION “PONZI” SCHEME
Defendant Defrauded Hundreds of People with Phony Investment Scheme

2/12/09 COSTCO
COSTCO STOCK OPTION BACKDATING INVESTIGATION CLOSED
Costco Implements Enhanced Compliance Program with Independent Review

2/5/09 MIRACLE
THREE MEN CHARGED WITH OPERATING $65 MILLION PONZI SCHEME
Scheme Solicited Investments for Development of Oil and Gas in Southeast Asia

12/16/08 NAWABI
CORRECTION: NAWABI IS ORIGINALLY FROM AFGHANISTAN
DEFENDANT IN MULTISTATE FRAUD SCHEME SENTENCED IN TACOMA TO 54 MONTHS IN PRISON
New Zealand Native Duped Investors Out of More than $300,000

11/13/08 BUSH
KITSAP COUNTY MAN CONVICTED IN MULTI-MILLION DOLLAR FRAUD SCHEME
Defendant Defrauded Hundreds of People with Phony Investment Scheme

10/8/08 JOHNSTON/JONES
FORMER SOFTWARE EXECUTIVES CHARGED WITH WIRE FRAUD FOR LYING TO INVESTORS ABOUT REVENUE - Two Entellium Executives Resigned Following Discovery of False Revenue Statements

3/21/08 LAVIN
WOODINVILLE MAN SENTENCED TO 54 MONTHS IN PRISON FOR $13 MILLION FRAUD SCHEME - Used New Investor Funds to Pay Off Earlier Investors, Committing Wire Fraud and Money Laundering

1/29/08 BUSH
FORMER KITSAP COUNTY MAN EXTRADITED FROM POLAND HELD PENDING TRIAL - Defendant Alleged to Have Defrauded Hundreds of People with Phony Investment Scheme

12/5/07 KAMERLING
NINE CHARGED IN "PUMP AND DUMP" SECURITIES FRAUD SCHEME - Defendants Conspired to Obstruct a Grand Jury and FBI Investigation

11/2/07 LAVIN
WOODINVILLE MAN PLEADS GUILTY TO $13 MILLION FRAUD SCHEME - Admits wire Fraud and Money Laundering -- Used New Investor Funds to Pay Off Earlier Investors

12/7/06 SHERMAN
"HOCKEY DAD" CONVICTED OF WIRE FRAUD, MAIL FRAUD AND SECURITIES FRAUD - Used Money from Investors to Fund Elite Youth Hockey Team and Pay His Own Living Expenses

6/5/06 HOFF
KIRKLAND MAN SENTENCED TO PRISON FOR SECURITIES FRAUD - Man Defrauded investors in Washington and Alaska of more than $120,000

1/6/06 HOFF
KIRKLAND MAN PLEADS GUILTY TO SECURITIES FRAUD - Man Defrauded investors in Washington and Alaska of more than $120,000.

10/28/05 ZIESKE
Renton Man Sentenced to 41 Months in Prison for Mail, Wire and Securities Fraud

9/9/05 HYUN
Former Bellevue Insurance Salesman Sentenced to Prison Term For Securities Fraud

8/19/05 KILLINGSWORTH
Fifth Defendant Sentenced to Prison in Holmes Harbor Bond Fraud Case

8/5/05 BADGER
Former Znetix Salesman Sentenced to 30 Months

6/20/05 HOLMES HARBOR
Four Defendants Sentenced to Prison in Holmes Harbor Bond Fraud Case

5/5/05 TEZAK
Fifth and Final Defendant Pleads Guilty in Holmes Harbor Bond Fraud Case

4/22/05 BUCHANAN
Vancouver Man Sentenced to Nearly 5 Years in Prison for Multi-Million Dollar Wire Fraud Scheme - Posed as Former NFL Player

4/19/05 LACSON
Znetix Stock Salesman Sentenced for Securities Fraud

4/8/05 ZIESKE
Renton Man Pleads Guilty to Mail, Wire and Securities Fraud

4/1/05 HYUN
Bellevue Insurance Salesman Pleads Guilty of Securities Fraud

3/7/05 BEAMAN/CULP/KUIKEN
Znetix Stock Salesmen Sentenced for Fraud and Conspiracy

2/4/05 CURTIN
Financial Planner Sent to Prison for Stealing Chehalis School Teachers' Retirement

1/24/05 BADGER
Michigan Man Indicted for Mail and Wire Fraud in Znetix Related Case

1/21/05 CHRISTENSEN
Vancouver Man Sentenced to 16 Months in Prison for Securities Fraud

1/11/05 BUCHANAN
Vancouver Man Pleads Guilty to Multi-Million Dollar Wire Fraud Scheme - Posed as Former NFL Player

1/7/05 ADKINS
Investment Firm President Sentenced to 52 Months in Prison for Securities Fraud

Updated January 29, 2015